Property Overview: 55 Margaret Swann Drive, Winnipeg
Key Characteristics & Appeal
This 2016-built home in Peguis offers a modern, low-maintenance foundation with 1,566 sqft of living space on a 4,849 sqft lot. Its primary appeal lies in its strong value proposition within the broader Winnipeg market. While the home is slightly smaller and has a lower assessed value than the immediate street average, it stands well above the city-wide norms for size, value, and age. This positions it as a competitively priced, newer home that offers more modern amenities and efficiency than much of the city's older housing stock.
The property would suit first-time buyers or downsizers seeking a modern home without a premium price tag, and value-conscious buyers who prioritize a newer build (and thus potentially lower near-term repair costs) over having the largest property on the block. A thoughtful perspective is that this home represents a "sweet spot"—it's established enough that any initial new-build issues are likely resolved, yet it remains contemporary. Its above-average city-wide standing suggests it could be a stable holding in a portfolio, appealing to those who see intrinsic value in a home that outperforms the broader market baseline.
Frequently Asked Questions
1. How does this home's value compare to its neighbours?
The home's assessed value of $508k is below the average for Margaret Swann Drive but is very close to the average for the wider Peguis area. This suggests it may offer similar amenities and space as area homes at a potentially more accessible entry point.
2. Is the lot size a drawback?
The lot is smaller than many on the street and in Peguis, but it is near the city-wide average. This translates to less yard maintenance, which can be a benefit for those seeking a modern, lock-and-leave lifestyle or who prefer to spend less time on upkeep.
3. What does "above average city-wide" really mean for a buyer?
When compared to all Winnipeg homes, this property ranks in the top 27% for living area, top 19% for assessed value, and top 6% for year built. This indicates you are getting a home that is newer and larger than most in the city, which often correlates with modern layouts, energy efficiency, and fewer immediate renovations.
4. Why is there no sales history shown?
Public sales records for this specific property are not displayed in this system. To obtain verified sales history and exact figures, you can request a manual lookup via the provided email service on the original listing page.
5. What type of neighbourhood is Peguis?
The data shows homes on this street are relatively uniform in age (mostly built around 2016-2017), indicating a newer, planned subdivision. With consistent assessed values and building ages, it likely offers a cohesive community feel with homes of similar style and vintage.